Vijay Mallya: Even if loan amount recovered, he will need to come to India,says ED

New Delhi, May 13: The Enforcement Directorate (ED) says even if they manage to recover Rs 9,000 crore from Vijay Mallya by attaching his assets, he would still be required in India for questioning.

The case does not close with the money being recovered and there are charges of money laundering too that is being probed.

The ED official tells OneIndia that the process of attaching his properties has begun. Right from his expensive cars to other immovable assets are under the process of being identified and once this process is completed the same will be attached.

The ED will also attach his shares and hopes that it will be able to recover the Rs 9,000 crore which he owes the banks.

Mallya will still have to be brought to India:

The ED says that attaching the properties and recovering the money is just one part of the process. The allegation is that he had raised loans and some part of it had been moved to off shores accounts and were used to purchase property. This falls under a case of money laundering.

He will need to be present in India for questioning and hence the process of extradition has also begun the official adds. Moreover this probe does not restrict to Mallya alone.